Calendar
A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead.
Monday May 30
Japan retail sales
Euro area consumer confidence
Germany consumer price index
(8:30 a.m. ET) Canada current account balance for Q1. Consensus is $17.2-billion ($68.6-billion annualized rate ), compared to $15.4-billion ($61.5-billion) in Q4.
(8:30 a.m. ET) Canada industrial product and raw materials price index for April. Estimates are a decline of 0.2 per cent and increase of 0.5 per cent, respectively, from March.
Also: U.S. markets closed for Memorial Day
Earnings include: Ctrip.Com International Ltd
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Tuesday May 31
Japan jobless rate, household spending and industrial production
Euro area jobless rate and CPI
Germany unemployment and retail sales
(8:30 a.m. ET) Canada real GDP and chain prices. Estimates are an annualized rate increase of 2.9 per cent and an annualized rate decline of 1.0 per cent, respectively, from Q4.
(8:30 a.m. ET) Canada real GDP at basic prices for March. Consensus is a decline of 0.1 per cent from February.
(8:30 a.m. ET) U.S. personal spending and personal income for April. Consensus estimates are increases of 0.7 per cent and 0.4 per cent, respectively, from March.
(8:30 a.m. ET) U.S. core PCE price index for April. Consensus is an increase of 0.2 per cent from March and 1.6 per cent year over year.
(9 a.m. ET) U.S. S&P Case-Shiller Home Price Index for March. Consensus is an increase of 0.7 per cent from February and 5.1 per cent year over year.
(9:45 a.m. ET) U.S. Chicago PMI for May. Consensus is 51.0, up from 50.4 in previous month.
Earnings include: Bank of Nova Scotia; Medtronic PLC; Volkswagen AG; Workday Inc.
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Wednesday June 1
Japan capital spending and manufacturing producing managers index
Euro area manufacturing PMI
China PMI
(9:30 a.m. ET) Canada RBC manufacturing PMI for May
(9:45 a.m. ET) U.S. Markit manufacturing PMI
(10 a.m. ET) U.S. manufacturing ISM for May. For PMI, consensus is 50.5, down from 50.8 in previous month. For prices paid, consensus estimate is 58.0, down from 59.0 in April.
(10 a.m. ET) U.S. construction spending for April. Consensus is an increase of 0.5 per cent from March.
(2 p.m. ET) U.S. Beige Book released.
Also: Canada and U.S. total vehicle sales for May.
Earnings include: Audi AG; Canaccord Genuity Group Inc.; Cracker Barrel Old Country Store Inc.; Laurentian Bank of Canada; Michael Kors Holdings Ltd.; National Bank of Canada; Ollie's Bargain Outlet Holdings Inc.; Vera Bradley Inc.
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Thursday June 2
Japan consumer confidence
Euro area producer price index and ECB monetary policy meeting
(8:30 a.m. ET) U.S. initial jobless claims for week of May 28. Estimate is 268,000, unchanged from week of May 21.
(10:45 a.m. ET) Bank of Canada deputy governor Lawrence Schembri speaks in Nova Scotia.
(11 a.m. ET) EIA petroleum status report
Earnings include: 58.com Inc.; Canadian Western Bank; Ceres Global Ag Corp.; Ciena Corp.; Cooper Companies Inc.; PWC Capital Inc.; Saputo Inc.; VersaBank
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Friday June 3
Japan PMI
China PMI
Euro area PMI and retail sales
(8:30 a.m. ET) Canada merchandise trade balance for April. Consensus is a deficit of $2.6-billion, down from a $3.4-billion deficit in March.
(8:30 a.m. ET) Canada labour productivity for Q1. Estimate is an increase of 0.3 per cent from Q4.
(8:30 a.m. ET) U.S. nonfarm payrolls for May. Consensus is an increase of 160,000 from previous month.
(8:30 a.m. ET) U.S. unemployment rate for May. Consensus is 5.0 per cent, unchanged from April.
(8:30 a.m. ET) U.S. average hourly earnings for May. Consensus is an increase of 0.2 per cent from April and 2.5 per cent year over year.
(8:30 a.m. ET) U.S. goods and services trade deficit (and revisions) for April. Consensus is $41.9-billion, up from $40.4-billion in previous month.
(10 a.m. ET) U.S. factory orders for April. Consensus is an increase of 1.0 per cent from March.
(10 a.m. ET) U.S. non-manufacturing ISM for May. Consensus is 55.3, down from 55.7 in April.
(1 p.m. ET) Baker-Hughes rig count
Earnings include: Piedmont Natural Gas Company Inc.; Sears Hometown and Outlet Stores Inc.
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Saturday June 4
(12:15 p.m. ET) Bank of Canada governor Stephen Poloz speaks in Ottawa to the Canadian Economics Association. Press conference to follow at 2:15 p.m.